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Why Malaysia needs a new public procurement law

Open Contracting Partnership

Throughout the pandemic, significant amounts of public funds were disbursed without seeking parliamentary approval, and the procurement process itself became tainted by multiple instances of corruption and cronyism. It would signify a major leap forward in Malaysia’s battle against corruption and mismanagement of public funds.

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Smart Public Procurement for Better Public Spending in Latin America and the Caribbean

Inter-American Development Bank

In instances of active waste, such suboptimal decisions are motivated by personal gain, as exemplified by corruption. Conversely, passive waste arises from a lack of adequate skills, knowledge, or tools, leading to poor decision-making in the management of resources. Source: Authors’s elaboration.

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Advancements in Transparency and Integrity through Blockchain in Public Procurements

Public Contracting Institute

By leveraging blockchain’s capabilities, these entities can significantly mitigate corruption risks, streamline operations, and foster a more transparent procurement environment. Integrity Provides an immutable record, reducing fraud and corruption.

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A New Era of Procurement in Europe: Time for Bold Change

Open Contracting Partnership

As a reform community, we agreed that we need to focus more on long-term value, with sustainability, social value, and innovation becoming increasingly important and that contract management is where this value is often won or lost. Data-powered red flags strengthen efforts to fight corruption.

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10 success factors for implementing e-procurement system

Open Contracting Partnership

Implementing e-GP requires training and capacity building for procuring entity officials and suppliers, auditors, evaluators, contract managers, and oversight bodies. Comprehensive and ongoing training programs can be a game-changer in ensuring that users are well-equipped to use the system.

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Key Principles of Public Procurement: Transparency, Value, and Fairness

Tracker Intelligence

A transparent approach lowers procurement risk, prevents corruption, and fosters confidence between suppliers and public sector organisations. Transparency, fair competition and also robust contract management are required to ensure that public money is being spent responsibly.

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Delhi Arbitration Weekend 2024: Spotlight on State Owned Entities and the Role of Technology in Arbitration

Kluwer Arbitration

In this regard, he remarked that construction disputes were one of the most prominent disputes involving PSUs and often arose from issues starting at the contract formation stage and continuing through the actual performance of the contract and into the pre-arbitration phase.

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